http://www.leggmason.com/
Legg Mason is a global asset management company with about $1 trillion in assets under management around the world. It serves institutional, mutual fund and wealth management markets.
Headquarters
Legg Mason, Inc.
100 Light Street
Baltimore, Maryland
21202-1099
1.877.534.4627
Board of Directors
Raymond A. Mason
Chairman and
Chief Executive Officer,
Legg Mason, Inc.
John E. Koerner III
Managing Member,
Koerner Capital, LLC
Cheryl Gordon Krongard
Private Investor;
Former CEO,
Rothschild Asset Management
Edward I. O’Brien
Private Investor;
Retired President,
Securities Industry Association
James E. Ukrop
Chairman,
Ukrop’s Super Markets, Inc.
Harold L. Adams
Chairman Emeritus,
RTKL Associates, Inc.
Hon. Carl Bildt
Advisor to numerous
international organizations;
Former Prime Minister of Sweden
(Board member from 9/02 to 10/06)
Margaret Milner Richardson
Private Consultant and Investor;
Former U.S. Commissioner
of Internal Revenue
Roger W. Schipke
Former Visiting Professor,
University of Kentucky
Gatton School of
Business & Economics
(Chairman of
Compensation Committee)
Dennis R. Beresford
Professor, University of Georgia;
Former Chairman of Financial
Accounting Standards Board
(Chairman of Audit Committee)
Kurt L. Schmoke
Dean, School of Law at
Howard University;
Former Mayor of Baltimore
Nicholas J. St. George
Private Investor
(Lead Independent Director and
Chairman of Nominating &
Corporate Governance Committee)
W. Allen Reed
Private Investor;
Retired CEO,
GM Asset Management Corporation
Robert Angelica
Currently engaged in private investment activities,
Retired Chairman and CEO
AT&T Investment Management Corporation,
Executive Officers
Non-Executive Chairman
Raymond A. Mason
President and Chief Executive Officer
Mark R. Fetting
Senior Executive Vice President
Peter L. Bain
Senior Managing Director
Ronald R. Dewhurst
Executive Vice President
Mike Abbaei
Senior Vice President, Chief Financial Officer & Treasurer
Charles J. Daley, Jr.
Senior Vice President
F. Barry Bilson
A good presentation on Legg Mason Strategy and Business 27 February 2008 by CEO and other senior executives
http://www.leggmason.com/about/pdf/8feb27_analyst_lunch.pdf
Showing posts with label M. Show all posts
Showing posts with label M. Show all posts
Tuesday, April 1, 2008
Monday, March 31, 2008
Legg Mason - History
Important Milestones
1899: Forerunner to Legg & Co., George Mackubin & Co. is founded in Baltimore.
1962: Raymond A. Mason, a Virginia broker-dealer, incorporates Mason & Company, Inc. in Newport News.
1970: Mason & Company and Legg & Company merge to form Legg Mason & Company.
1973: Legg Mason acquires Wood & Walker Co., a New York broker-dealer, forming Legg Mason Wood Walker, Inc.
1979: Company introduces the Legg Mason Cash Reserve Trust, its first mutual, money-market fund.
1981: Legg Mason, Inc. is incorporated in Maryland as a holding company for its subsidiaries, including Legg Mason Wood Walker, Inc.
1982: Legg Mason Fund Adviser, Inc. is created to manage Legg Mason Funds and the Legg Mason Value Trust is introduced as the company's first equity mutual fund.
1983: Legg Mason, Inc. goes public and is listed on the New York Stock Exchange.
1990: Legg Mason enters the commercial mortgage banking field by buying Latimer & Buck, Inc.
1995: The company establishes an overseas office in London.
1996: Legg Mason acquires Bartlett & Co. and Lehman Brothers Global Asset Management Limited.
1998: Company moves headquarters to Light Street in downtown Baltimore.
Legg Mason traces its beginnings back to 1899, when George Mackubin founded an eponymous brokerage firm in Baltimore. Mackubin soon hired 19-year-old John Legg Jr. for a low-level position. Legg became a partner by 1904 and gained sole control of the firm 45 years later. In 1970 Legg & Co. (the firm was renamed when Legg and Mackubin split and again after Legg's death in 1963) merged with Mason & Co., a brokerage founded by Raymond "Chip" Mason.
Chip Mason and some associates had formed Mason & Company in 1962, in Newport News. Mason wsa was only 25 at that time. He had entered the world of securities in 1959 in his hometown of Lynchburg, Virginia, where his great uncle and uncle ran Mason & Lee, a small brokerage firm. Mason was able to open his own company wtih $200,000 borrowed money. Among his friends was James Brinkley, who later ran Legg Mason's retail brokerage operation.
Mason guided his young business through a successful beginning and healthy early growth. By 1970, Mason & Co., with 60 brokers, was operating six offices, including four branch offices in Virginia and Washington, D.C. It also had drawn the attention of Legg & Co., which was looking to expand into the South, and the two firms negotiated a merger to establish Legg Mason Co.
2008
January 28 2008:
Financial-services provider Legg Mason on Monday said co-founder Raymond A. Mason stepped down as chief executive and president, handing over the positions to Mark R. Fetting.
Raymond A. "Chip" Mason will continue as nonexecutive chairman.
Fetting, 53, joined Baltimore-based Legg Mason in 2000. He was previously senior executive vice president, with responsibility for the company's worldwide mutual fund and managed account businesses.
Sources
http://jobs.nytimes.com/texis/company?compid=43133b7b57ce40
http://www.mutual-funds.biz/2008/01/28/news/companies/legg_mason_ceo/index.htm
1899: Forerunner to Legg & Co., George Mackubin & Co. is founded in Baltimore.
1962: Raymond A. Mason, a Virginia broker-dealer, incorporates Mason & Company, Inc. in Newport News.
1970: Mason & Company and Legg & Company merge to form Legg Mason & Company.
1973: Legg Mason acquires Wood & Walker Co., a New York broker-dealer, forming Legg Mason Wood Walker, Inc.
1979: Company introduces the Legg Mason Cash Reserve Trust, its first mutual, money-market fund.
1981: Legg Mason, Inc. is incorporated in Maryland as a holding company for its subsidiaries, including Legg Mason Wood Walker, Inc.
1982: Legg Mason Fund Adviser, Inc. is created to manage Legg Mason Funds and the Legg Mason Value Trust is introduced as the company's first equity mutual fund.
1983: Legg Mason, Inc. goes public and is listed on the New York Stock Exchange.
1990: Legg Mason enters the commercial mortgage banking field by buying Latimer & Buck, Inc.
1995: The company establishes an overseas office in London.
1996: Legg Mason acquires Bartlett & Co. and Lehman Brothers Global Asset Management Limited.
1998: Company moves headquarters to Light Street in downtown Baltimore.
Legg Mason traces its beginnings back to 1899, when George Mackubin founded an eponymous brokerage firm in Baltimore. Mackubin soon hired 19-year-old John Legg Jr. for a low-level position. Legg became a partner by 1904 and gained sole control of the firm 45 years later. In 1970 Legg & Co. (the firm was renamed when Legg and Mackubin split and again after Legg's death in 1963) merged with Mason & Co., a brokerage founded by Raymond "Chip" Mason.
Chip Mason and some associates had formed Mason & Company in 1962, in Newport News. Mason wsa was only 25 at that time. He had entered the world of securities in 1959 in his hometown of Lynchburg, Virginia, where his great uncle and uncle ran Mason & Lee, a small brokerage firm. Mason was able to open his own company wtih $200,000 borrowed money. Among his friends was James Brinkley, who later ran Legg Mason's retail brokerage operation.
Mason guided his young business through a successful beginning and healthy early growth. By 1970, Mason & Co., with 60 brokers, was operating six offices, including four branch offices in Virginia and Washington, D.C. It also had drawn the attention of Legg & Co., which was looking to expand into the South, and the two firms negotiated a merger to establish Legg Mason Co.
2008
January 28 2008:
Financial-services provider Legg Mason on Monday said co-founder Raymond A. Mason stepped down as chief executive and president, handing over the positions to Mark R. Fetting.
Raymond A. "Chip" Mason will continue as nonexecutive chairman.
Fetting, 53, joined Baltimore-based Legg Mason in 2000. He was previously senior executive vice president, with responsibility for the company's worldwide mutual fund and managed account businesses.
Sources
http://jobs.nytimes.com/texis/company?compid=43133b7b57ce40
http://www.mutual-funds.biz/2008/01/28/news/companies/legg_mason_ceo/index.htm
Wednesday, March 5, 2008
Muriel Siebert & Company - History
Muriel Siebert & Co., Inc., has been in business and a member of the New York Stock Exchange since 1967, longer than any other discount brokerage firm.
Muriel Siebert, our founder, chairwoman and president, was the first woman ever to become a member of the Exchange.
On May 1, 1975, the first day that New York Stock Exchange member firms were permitted to negotiate commissions, Siebert became one of the very first to announce that it would become a discount brokerage house.
In 1977, Ms. Siebert placed her firm in a blind trust for five years to accept an appointment as New York State’s first woman Superintendent of Banks, with responsibility for the safety and soundness of all banks in New York State. This was the highest position in banking supervision or regulation ever obtained by a woman at the time.
In 1982, when she returned, Ms. Siebert concentrated on growing the business into a unique entity among discount brokerage firms – a retail discount brokerage with an active capital markets division that provides high-quality brokerage services to institutional investors and investment banking services to corporations. In 2004, the firm substantially expanded the scope of its capital markets operations by enhancing its trading and underwriting capabilities with the addition of seven capital markets professionals. The investment banking team has acted as co-manager or underwriter in more than $50 billion of global equity offerings and $128 billion in global corporate bond offerings since January 2002, alone. Backed by the latest information technology and systems, our trading desk and investment bankers offer value-added services to some of the nation’s largest investment managers, corporations and public retirement systems.
Over the years, the close affiliation of the retail business with a capital markets group has given thousands of independent investors opportunities to purchase new-issue securities.
In 1996, the Siebert Brandford Shank & Co. LLC affiliate was established. This company provides tax-exempt investment banking and financial advisory services and has offices in Atlanta, Anchorage, Chicago, Dallas, Detroit, Fort Worth, Houston, Los Angeles, Miami, New York, Oakland, Orlando, San Antonio, Seattle, Washington D.C. and Weehawken. It is the largest woman/minority owned and operated municipal bond firms in the U.S. and ranked one of the nation’s top 25 municipal bond underwriters, overall, for the past five years.
In order to take advantage of opportunities to expand by purchasing other organizations, Siebert completed a reverse-merger with an already existing public company in November, 1996. Since then, the renamed Siebert Financial Corp. has continued growing. Siebert is a Nasdaq-traded company under the symbol SIEB.
Muriel Siebert & Co., Inc., has been actively involved in the consolidation in the discount brokerage business in recent years and continues to well positioned as opportunities may present themselves going forward. In the 80’s, Siebert purchased the retail discount brokerage accounts of Bevill Bresler & Schulman, Inc., and Parr Securities Corp. In the 90’s, the firm purchased the retail brokerage accounts of William O’Neill & Co., the Los Angeles-based institutional equities and financial data firm which is the parent company of Investors Business Daily. In 1999, Muriel Siebert & Co., Inc., continued to expand by merging with Andrew Peck Associates, Inc., a privately held brokerage firm serving high net worth investors and headquartered in Jersey City, New Jersey. Through its merger with Peck, Siebert established an operations center and offices in Jersey City.
In 2002, the firm purchased certain Florida-based retail accounts of TradeStation Securities and State Discount Brokers which Siebert serves through its Boca Raton branch. In 2003, the firm continued its expansion by purchasing the discount brokerage accounts and certain assets of Your Discount Broker, Inc., a Boca Raton-based firm that had been one of the few locally-owned discount stock brokerages in South Florida. In 2004, Siebert acquired the retail brokerage accounts of New York City-based Wall Street Discount Corp., a majority of which reside in the New York tri-state area and Florida where Siebert has a strong presence.
The company opened its first out-of-state branch in Beverly Hills in 1992 and its second in Boca Raton in 1994. Today, Siebert maintains its headquarters in Manhattan and branches in Beverly Hills, and Boca Raton, Naples, Palm Beach and Surfside, FL. With a large well-established retail account base, over 100 employees, and revenues greater than $31 million a year, Siebert continues to be in the forefront of change and innovation in the discount brokerage marketplace.
Muriel Siebert, our founder, chairwoman and president, was the first woman ever to become a member of the Exchange.
On May 1, 1975, the first day that New York Stock Exchange member firms were permitted to negotiate commissions, Siebert became one of the very first to announce that it would become a discount brokerage house.
In 1977, Ms. Siebert placed her firm in a blind trust for five years to accept an appointment as New York State’s first woman Superintendent of Banks, with responsibility for the safety and soundness of all banks in New York State. This was the highest position in banking supervision or regulation ever obtained by a woman at the time.
In 1982, when she returned, Ms. Siebert concentrated on growing the business into a unique entity among discount brokerage firms – a retail discount brokerage with an active capital markets division that provides high-quality brokerage services to institutional investors and investment banking services to corporations. In 2004, the firm substantially expanded the scope of its capital markets operations by enhancing its trading and underwriting capabilities with the addition of seven capital markets professionals. The investment banking team has acted as co-manager or underwriter in more than $50 billion of global equity offerings and $128 billion in global corporate bond offerings since January 2002, alone. Backed by the latest information technology and systems, our trading desk and investment bankers offer value-added services to some of the nation’s largest investment managers, corporations and public retirement systems.
Over the years, the close affiliation of the retail business with a capital markets group has given thousands of independent investors opportunities to purchase new-issue securities.
In 1996, the Siebert Brandford Shank & Co. LLC affiliate was established. This company provides tax-exempt investment banking and financial advisory services and has offices in Atlanta, Anchorage, Chicago, Dallas, Detroit, Fort Worth, Houston, Los Angeles, Miami, New York, Oakland, Orlando, San Antonio, Seattle, Washington D.C. and Weehawken. It is the largest woman/minority owned and operated municipal bond firms in the U.S. and ranked one of the nation’s top 25 municipal bond underwriters, overall, for the past five years.
In order to take advantage of opportunities to expand by purchasing other organizations, Siebert completed a reverse-merger with an already existing public company in November, 1996. Since then, the renamed Siebert Financial Corp. has continued growing. Siebert is a Nasdaq-traded company under the symbol SIEB.
Muriel Siebert & Co., Inc., has been actively involved in the consolidation in the discount brokerage business in recent years and continues to well positioned as opportunities may present themselves going forward. In the 80’s, Siebert purchased the retail discount brokerage accounts of Bevill Bresler & Schulman, Inc., and Parr Securities Corp. In the 90’s, the firm purchased the retail brokerage accounts of William O’Neill & Co., the Los Angeles-based institutional equities and financial data firm which is the parent company of Investors Business Daily. In 1999, Muriel Siebert & Co., Inc., continued to expand by merging with Andrew Peck Associates, Inc., a privately held brokerage firm serving high net worth investors and headquartered in Jersey City, New Jersey. Through its merger with Peck, Siebert established an operations center and offices in Jersey City.
In 2002, the firm purchased certain Florida-based retail accounts of TradeStation Securities and State Discount Brokers which Siebert serves through its Boca Raton branch. In 2003, the firm continued its expansion by purchasing the discount brokerage accounts and certain assets of Your Discount Broker, Inc., a Boca Raton-based firm that had been one of the few locally-owned discount stock brokerages in South Florida. In 2004, Siebert acquired the retail brokerage accounts of New York City-based Wall Street Discount Corp., a majority of which reside in the New York tri-state area and Florida where Siebert has a strong presence.
The company opened its first out-of-state branch in Beverly Hills in 1992 and its second in Boca Raton in 1994. Today, Siebert maintains its headquarters in Manhattan and branches in Beverly Hills, and Boca Raton, Naples, Palm Beach and Surfside, FL. With a large well-established retail account base, over 100 employees, and revenues greater than $31 million a year, Siebert continues to be in the forefront of change and innovation in the discount brokerage marketplace.
Subscribe to:
Posts (Atom)